What is a Secure Card?

If you have poor credit, or none at all, it can be tough to get a loan or line of credit — even though that may be exactly what you need to up your credit score. Building a record of on-time payments is an important factor that impacts your creditworthiness.

A Secure Card, Like TFA’s MY JEWLERS CLUB which requires a refundable security deposit in exchange for a line of credit, could be the solution. Lenders may be more willing to issue secured credit cards to less qualified borrowers because the deposit will be used to cover the balance if it goes unpaid.

Any questions or concerns please contact our

Customer Care Department at(442) 229-5480

 
 

Client Portal Reminder

How a Secured Credit Card Works

Like any other credit card, you first have to apply and get approved. Secured credit card applications are similar to other credit card applications in that they require your basic financial information, as well as your permission to perform a credit check. But they differ in that a secured credit card application will also require your bank account and routing number in order to submit a refundable security deposit.

Once you’ve been approved and put down your deposit, a secured credit card functions much like its unsecured counterpart: You will receive a statement each month, and you should try to pay your balance in full each month by the due date to avoid interest charges on new purchases.

You will enjoy the convenience and security of a credit card, as well as any benefits or rewards that the card may offer. For example, it can be much easier to reserve a hotel room or rent a car when you have and can use a credit card.

Please Ensure To: Send in your 5 Mandatory Documents to complete your Case File Details.

  • *ID (Identification Card)

  • *SSN (and W2)

  • *3 Utility Bill (Water, Gas, Electric, Garbage and or Cable Bill) or *2 (Bank statement, Pay stub and or Car Insurance)

 

EXAMPLE 1

EXAMPLE 2

 

STEP TWO: If you have not done so, please schedule a call with one of our representatives for further questions.